Posted by Toto2009 > 2017-07-06 20:33 | Report Abuse

The share price indeed dipped about 17% from 1.57 to 1.3 today, tomorrow is very critical, it needs a rebound to stay above 1.35 level.

Posted by Tai KT > 2017-07-06 20:48 | Report Abuse

My 2 cents
Still making profit, why cut salaries leh?
Let me tell you, business go down will cut pay or layoff worker. Like tekseng last year.
Prlexus, advertise to hire new and more worker, is it his business down trend?

Posted by Skliew > 2017-07-06 20:51 | Report Abuse

Niki,

Thanks for the quote...

I meant if a few % difference in the purchase price....ha!
It is really difficult to catch the bottom....

You are good... you warned at 1.40 that it could go lower...
At 1.36 we thought it was near bottom.. today it broke 1.33..tomorrow will test 1.28...

I am prepared to pounce at the right time. Maybe you can help to alert us...

Haha! Btw, what is your average price and how long you have been holding Prolexus shares?

Thanks. :)

Posted by Skliew > 2017-07-06 21:02 | Report Abuse

Toto,

Thanks..

I think no need to visit site...

Total capital expenditure incurred for the Kluang knitted fabrics factory is only RM9+ million as at 30th April...excluding land costs...

The dual factories are expected to be up and running in early 2018.....

Marketing is now very important for the growth of the company.....

Marketing Genaral Manager is being recruited...

Posted by Skliew > 2017-07-06 21:21 | Report Abuse

All business goes up and down.... sometimes the customers cut back orders to lower inventories...

Nike lowered 3% inventory in the physical number of pieces last FY compared to previous FY.

Now that the company is going on expansion and to improve on the margin with the new knitted fabrics factory in Kluang and formed JV with a Taiwanese company providing the technology and expertise...So it become more competitive and would be able to get more orders...

Established E-commerce companies in China for Marketing up market casual wears and sports wears...

Recruiting Marketing GENERAL Manager.....

These developments would help in growing the revenues when the dual expansions are up.... aiming at usd 300 million per annum .... but by when?

There are upsides to the revenues....in time to come...

My 2 SEN

:)

Posted by nikicheong > 2017-07-06 23:18 | Report Abuse

Skliew, I am not holding Prolexus, yet. It has been on my buy list for a while now. But I am a patient man. I have read a number of investment books, and one lesson I have learned is to be patient and use the market volatilliy to your advantage. Now is such a great time to buy...but there can be an even better time if you're patient enough cause the share price has a weakness. At some point you have to pull the trigger, cause once depressed enough the fund managers will come in and push the price up quickly. If you're too slow you miss the boat and regret it. If you're too fast you might regret it too. Difficult to time an entry, but you maximise your return s I feel you do it right.

At the moment Prolexus is the company I am monitoring most closely, MMHE is another company. Two very different sectors and situations. I will end up buying only one of these two. Need to keep spare bullets to average down on my recent purchases if the opportunity presents itself.

Posted by Skliew > 2017-07-06 23:25 | Report Abuse

Niki

Thank you for sharing your view points.

Posted by Apollo Ang > 2017-07-06 23:25 | Report Abuse

tomoro in the 20's......hahaha

Posted by Lynnett Kang > 2017-07-06 23:34 | Report Abuse

Buy buy buy~~ cheap now

Posted by ming > 2017-07-06 23:59 | Report Abuse

Nx qr might not be good too.. due to higher expenditure for new factory..
But think positive EPF still inside.. and those wanna throw geh alrdy run..

Any time will come for a rebound (but not back to earlier price)

Posted by Yipman > 2017-07-07 00:29 | Report Abuse

wait u at 1.25 then I accumulate. new low lower and lowest.

Posted by Ymchan > 2017-07-07 07:24 | Report Abuse

I strongly believed with new factory set up next year, revenue will go up substantially esp contributed from NIKE. Current setback is mainly due to factory capacity allocated to 4-5 main customers.Please bear in mind if one of those customer sales volume drop will affect total revenue and the available production capacity cannot be utilised for other customer due to orders contract. This could be the main reason why MAGNI is enjoying huge profit when NIKE sales is increasing as its only served one single major customer. In long run, Prolexus will win back the game with diversified customer.

Posted by CKCS > 2017-07-07 07:36 | Report Abuse

Lowest profitability in the most recent 25 quarters. If that doesn't send shivers down to your spine, you're just not cautious enough when the downtrend is dragging it down for a long time.

Posted by Frank Soweto > 2017-07-07 07:43 | Report Abuse

Not only shivering but peeing in my pants now :(

Posted by CKCS > 2017-07-07 07:44 | Report Abuse

Dolly_Chai2 will be the first to not only pee but bombed the toilet lol

Posted by Skliew > 2017-07-07 08:05 | Report Abuse

With the dual expansions aiming at tripling up the revenues, the most exciting and promising moment since the listing of Prolexus is presenting a rare opportunity!

Only winners could see this !

Hahaha!

Cheers to all !

Posted by paktua73 > 2017-07-07 08:47 | Report Abuse

old man sing a song
inspired song for falling share

best friend give me advice
he said..
each days a gift and not a given right
and leave stone unturned
leave your fear's behind.

he said
if today was yours last day,
and tomorrow was to late
could i said good bye to yesterday
that first step your take
is the longest stride

he said
if today was yours last day,
and tomorrow was to late
could i said good bye to yesterday
would you live each moment like your last
donate every dime you had

if today was yours last day
and tomorrow was to late
against the grain should be way of life
what worth the prize is always worth to fight

Posted by Apollo Ang > 2017-07-07 08:51 | Report Abuse

emergency,emergency target breach only 1.29....how low can it goes? new TP 1.20. if 4th quarter not good die lo

Posted by Skliew > 2017-07-07 08:57 | Report Abuse

Keep buying ! The lower the better!

You please sell lo!

Talk so much !!
Hahaha!

Posted by minher > 2017-07-07 08:58 | Report Abuse

Accept the facts. Prolexus really cannot. Price will fall further.

Posted by CKCS > 2017-07-07 09:55 | Report Abuse

Collapsed already mah. Now u full time salesman in Prlexus. LMAO

Posted by CKCS > 2017-07-07 10:41 | Report Abuse

Share price fallen so much does not mean it's a bargain. Instead it may mean its fundamentals have changed with real qtr result showing the weakest in all recent 25 quarters' lowest. Often people had the wrong ideas of bargain to buy in.

Posted by Ymchan > 2017-07-07 11:12 | Report Abuse

Fund managers will not subscribed right issue share if the factory expansion does not work well. If read through the annual report dated 30 Oct 2016, there are total 8 funds has subscribed the new share with free warrant given. They view the expansion is the right move to bring the company to greater higher level.

Posted by BP Mok > 2017-07-07 11:14 | Report Abuse

SKLiew,
"Nike lowered 3% inventory in the physical number of pieces last FY compared to previous FY. "

Mind to share how/where to get this information ah?

Posted by Apollo Ang > 2017-07-07 11:29 | Report Abuse

don't catch a falling knife, it's a slow death

Posted by Js Goh > 2017-07-07 11:59 | Report Abuse

Take a break from this counter then

Posted by Jon Choivo > 2017-07-07 12:00 | Report Abuse

Close eye buy.

Posted by noah > 2017-07-07 12:17 | Report Abuse

although the net profit did not drop much if we did not take the taxes into account.
it's alarming to see the drop in revenue.
most probably due to the reducing order from UA.

and when you look closely into the cash flow statement, in this individual qr, their net cash flow from operating activities is negative.

with these few facts, i had cut all Prlexus @ 1.41.

Posted by Skliew > 2017-07-07 12:55 | Report Abuse

BP Mok,

Check it out with this link...

http://news.nike.com/news/nike-inc-reports-fiscal-2017-fourth-quarter-and-full-year-results

Posted by Skliew > 2017-07-07 13:03 | Report Abuse

Cash Flow,

Noted a decrease in payable of RM26 million...

Payable as at 30th April is reduced to RM10+ million....

Posted by Skliew > 2017-07-07 13:09 | Report Abuse

PROLEXUS BERHAD (250857-T)
(Incorporated in Malaysia)
Interim report for the period ended 30 April 2017
(The figures have not been audited)
4
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
Cumulative
Quarter Ended
Cumulative
Quarter Ended
30 April 2017 30 April 2016
RM’000 RM’000
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before taxation 25,023 25,745
Adjustments for :
Depreciation 3,382 2,416
Amortisation of land use rights 234 13
Dividend income (9) (18)
Interest expense 1,035 865
Interest income (1,110) (192)
Unrealised loss on foreign exchange 801 1,604
Gain on disposal of property, plant and equipment (153) (122)
Fair value loss/(gain) on derivative financial instruments 150 (94)
Equity-settled share based payment 746 640
Operating profit before working capital changes 30,099 30,857
Decrease/(increase) in inventories 1,641 (10,043)
Decrease in receivables 14,738 4,610
(Decrease)/increase in payables (26,442) 1,082
Cash generated from operations 20,036 26,506
Tax paid (7,884) (3,210)
Interest paid (1,035) (865)
Net cash generated from operating activities 11,117 22,431
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment (9,142) (15,714)
Proceeds from issuance of shares in a subsidiary to non-controlling interest 4,400 -
Dividend income 9 18
Withdrawal of fixed deposits 1,744 316
Proceeds from disposal of plant and equipment 225 151
Interest received 1,110 192
Net cash used in investing activities (1,654) (15,037)
CASH FLOWS FROM FINANCING ACTIVITIES
Dividend paid to non-controlling interest (186) -
Repayment of export credit refinancing - (3,804)
(Repayment)/drawdown of term loan (2,030) 6,379
Drawdown/(repayment) of finance lease liabilities 110 (29)
(Repayment)/drawdown of revolving credit (2,000) 8,000
Drawdown/(repayment) of trust receipts 6,207 (1,639)
Proceeds from issuance of shares pursuant to ESOS 335 2,452
Proceeds from issuance of shares pursuant to conversion of warrants 1,767 -
Dividend paid (3,014) (3,017)
Net cash generated from financing activities 1,189 8,342
NET INCREASE IN CASH AND CASH EQUIVALENTS 10,652 15,736
Effects of exchange rate differences on cash and cash equivalents 431 820
CASH AND CASH EQUIVALENTS AT BEGINNING OF FINANCIAL PERIOD 105,647 29,594
CASH AND CASH EQUIVALENTS AT END OF FINANCIAL PERIOD 116,730 46,150
Cash and cash equivalents comprise:
Deposits with licensed banks 28,690 6,844
Cash and bank balances 88,641 42,382
117,331 49,226
Less: Deposits with maturity more than 3 months - (2,493)
Less: Deposits pledged with banks (601) (583)
116,730 46,150

Posted by Skliew > 2017-07-07 13:11 | Report Abuse

Net cash generated from operating activities RM11,117,000

Posted by noah > 2017-07-07 13:42 | Report Abuse

Skliew : Net cash generated from operating activities RM11,117,000

This is the cumulative quarters CFS.

Look at the net cash generated from operating activities in last qr and compare to this qr and u can get the idea

Posted by Skliew > 2017-07-07 14:28 | Report Abuse

Noah,

Thanks.

Noted there is a significant increase in inventory of rm10,825 to rm19,126 as at 30th April due very low inventory in the Q ended 31st Jan..

Posted by wolf1 > 2017-07-07 14:48 | Report Abuse

Lol, really drop to my dream price at 1.28. Luckily didn't enter at 133 region

Posted by CKCS > 2017-07-07 15:16 | Report Abuse

Full time salesman job is hard work lol. It plunged to new low now.....

Posted by CKCS > 2017-07-07 15:30 | Report Abuse

SINKING into the ABYSS loh.....salesman took a deep diving? LMAO

Posted by Skliew > 2017-07-07 15:47 | Report Abuse

There are 2 types of sales here:

POSITIVE OR NEGATIVE

I don't think those negative guys made money from the market as negative attracts NEGATIVE !

Hehehe!

Posted by Skliew > 2017-07-07 15:48 | Report Abuse

But I hope everyone here do make money!! :)

Posted by noah > 2017-07-07 15:49 | Report Abuse

if manulife and other fund did not dispose their stake.
there are still chances.
many fund hold prlexus

Posted by Skliew > 2017-07-07 15:56 | Report Abuse

I suspect some syariah funds were selling !

This is the time to sell with reasons of poor quarter results ...

Posted by Skliew > 2017-07-07 15:59 | Report Abuse

This company put everything in USD.... CASH INCLUDING FD, RECEIVABLES....

Is this the reason for Syariah non-compliance?

Posted by Yaw_ > 2017-07-07 16:13 | Report Abuse

wait 1.00

Posted by kwang2209 > 2017-07-07 16:23 | Report Abuse

I think it's almost stop bleeding when the price reached reasonable price

Posted by CKCS > 2017-07-07 16:29 | Report Abuse

Such an abrupt collapse of the share price may mean that its fundamentals are changing towards the negative side. Fallen share price does not mean it's a bargain to buy into. It may mean troubles ahead.

Posted by CKCS > 2017-07-07 16:30 | Report Abuse

Pathetic salesman runs out of excuses or valid reasons to defend Prlexus until they have to say shariah-compliant? WTF? How's more pathetic can u get?

Posted by Skliew > 2017-07-07 16:56 | Report Abuse

Pathetic!

Yeah!

70% of the shares I am holding now are FREE shares !
Pathetic?
Maybe! You must be much better !
Just hope that you are!

Thank you!

Posted by Apollo Ang > 2017-07-07 17:00 | Report Abuse

u better say u make a few millions from prlexus already....hahaha

Posted by Skliew > 2017-07-07 17:04 | Report Abuse

Jealous?

Hahaha!

Posted by Skliew > 2017-07-07 17:11 | Report Abuse

I am going to leave this forum...

No point be here with all these nuisance.

I will delete all my posts here...

Good luck to all !

Thank you !